Rupee, o/n rates end flat

Published May 18, 2012 01:21pm

The rupee has been supported by remittances, which rose 20.2 per cent to $10.88 billion in the first 10 months of the 2011/12 fiscal year.—File Photo

KARACHI: In the currency market on Friday, the rupee ended almost flat at 90.73/93 to the dollar, compared with Thursday’s close of 90.86/91.

The rupee has been supported by remittances, which rose 20.2 per cent to $10.88 billion in the first 10 months of the 2011/12 fiscal year, compared with $9.05 billion in the same period last year.

In April, remittances totalled $1.14 billion.

Overnight rates in the money market closed at 11.90 per cent, the same level as on Thursday.


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